Excellent and comprehensive analysis as always from AAII. The statistic that only 44% of S&P 500 stocks are outperforming the index really underscores the concentration risk you've highlighted. Your point about Nasdaq companies with no revenues leading YTD returns is particulary concerning - that's textbook late-cycle behavior. The small-cap value outperformance over 3 months is worth watching closely as a potential inflection point. Thanks for the data-rich charts!
Excellent and comprehensive analysis as always from AAII. The statistic that only 44% of S&P 500 stocks are outperforming the index really underscores the concentration risk you've highlighted. Your point about Nasdaq companies with no revenues leading YTD returns is particulary concerning - that's textbook late-cycle behavior. The small-cap value outperformance over 3 months is worth watching closely as a potential inflection point. Thanks for the data-rich charts!